tag:blogger.com,1999:blog-7475395270631949054.post4485235511563472947..comments2024-02-15T21:31:06.486-08:00Comments on Capitalism and Freedom: The Wall Street Journal offers Spain some adviceChristopher T. Mahoneyhttp://www.blogger.com/profile/07096275297545797428noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7475395270631949054.post-44130988352166849142012-07-26T23:36:53.538-07:002012-07-26T23:36:53.538-07:00Hi
"Another of the world’s great self-inflic...Hi<br /><br />"Another of the world’s great self-inflicted depressions is happening right now, in the eurozone. In order for the southern members to stay on the euro, they are being forced to deflate just as much as if they were on the gold standard."<br /><br />It is a self inflicted depression in Greece, self inflicted by the Greek government & Burssels. But you cant ignore the massive inflation that happened 2000-2008.<br /><br />"Brussels’ tough-love prescription for them is to keep cutting spending until their expenses are as low as their ever-falling revenues. As their revenues decline, the more they have to cut." - <br /><br />The problem is the government has cut the exactly wrong things. Let me give an example. They have cut pensions, probably the most effective form of government spending because most of the money gets spent in the country.<br /><br />The government has increased taxes massively, this has destroyed the private sector meaning if people were laid off by the public sector cant find jobs. <br /><br />"If revenue goes to zero, they will have to cut everything--but DO NOT PUSH THAT DEFAULT BUTTON! We’ll be sure to lend you just enough so that you don’t do that. Your people can starve in the streets, but don’t default. That would be disruptive and “bad for Europe” (cross yourself after saying that).""<br /><br />Your are 100% correct here.<br /><br />If you will permit me a few links to my blog covering this issue.<br /><br />http://independence4wales.com/2012/germany-vs-ecb-greece-is-caught-in-the-middle-will-greeks-have-to-starve<br /><br />http://independence4wales.com/2011/8-ways-papandreou-sabotaged-the-greek-economy<br /><br />You admitted you were a fan of soft money so you might find this amusing!<br /><br />http://independence4wales.com/2012/junker-proposes-eurocredit-to-boost-consumer-consumption-eurobonds-for-the-publicRichard @ i4whttp://independence4wales.comnoreply@blogger.comtag:blogger.com,1999:blog-7475395270631949054.post-30725470271179581012012-07-25T09:54:30.548-07:002012-07-25T09:54:30.548-07:00Thank you.Thank you.Christopher T. Mahoneyhttps://www.blogger.com/profile/07096275297545797428noreply@blogger.comtag:blogger.com,1999:blog-7475395270631949054.post-33412038159601011912012-07-24T23:54:00.790-07:002012-07-24T23:54:00.790-07:00tengo a través de su sitio web y que está muy bien...tengo a través de su sitio web y que está muy bien .. nice post publicado por el propietario.el mercadillo de ciudad realhttp://www.elmercadillodeciudadreal.es/noreply@blogger.com